REDKO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
REDKO
Largest movements
- Tangible fixed assets -€4,114
down €4,114 (-31.7%), from €12,993 to €8,880
- Cash -€3,895
down €3,895 (-80.3%), from €4,848 to €953
mainly Net result for the year (-€30,594) and Trade debts (-€1,470)
- Receivables within one year -€2,191
down €2,191 (-18.4%), from €11,878 to €9,688
of which Other amounts receivable: -€3,185
- Profit (loss) carried forward -€30,594
down €30,594 (-261.2%), from -€11,714 to -€42,309
- Tax, wage and social debts +€15,000
new in 2025: €15,000
- Other debts +€6,999
up €6,999 (+21.3%), from €32,814 to €39,813
- Trade debts -€1,470
down €1,470 (-40.6%), from €3,619 to €2,149
- Gross operating margin -€18,412
down €18,412 (-234.6%), from -€7,849 to -€26,261
- Depreciation +€607
up €607 (+17.3%), from €3,507 to €4,114
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,719 | €19,654 | -€10,065 | -33.9% |
| Fixed assets | 21/28 | €12,993 | €8,880 | -€4,114 | -31.7% |
| Tangible fixed assets | 22/27 | €12,993 | €8,880 | -€4,114 | -31.7% |
| Furniture and vehicles | 24 | €12,993 | €8,880 | -€4,114 | -31.7% |
| Current assets | 29/58 | €16,726 | €10,774 | -€5,952 | -35.6% |
| Amounts receivable within one year | 40/41 | €11,878 | €9,688 | -€2,191 | -18.4% |
| Trade receivables | 40 | - | €994 | +€994 | |
| Other amounts receivable | 41 | €11,878 | €8,693 | -€3,185 | -26.8% |
| Cash at bank and in hand | 54/58 | €4,848 | €953 | -€3,895 | -80.3% |
| Deferred charges and accrued income | 490/1 | - | €134 | +€134 | |
| Total equity and liabilities | 10/49 | €29,719 | €19,654 | -€10,065 | -33.9% |
| Equity | 10/15 | -€6,714 | -€37,309 | -€30,594 | -455.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,714 | -€42,309 | -€30,594 | -261.2% |
| Amounts payable | 17/49 | €36,434 | €56,963 | +€20,529 | +56.3% |
| Amounts payable within one year | 42/48 | €36,434 | €56,963 | +€20,529 | +56.3% |
| Trade debts | 44 | €3,619 | €2,149 | -€1,470 | -40.6% |
| Suppliers | 440/4 | €3,619 | €2,149 | -€1,470 | -40.6% |
| Taxes, remuneration and social security | 45 | - | €15,000 | +€15,000 | |
| Remuneration and social security | 454/9 | - | €15,000 | +€15,000 | |
| Other amounts payable | 47/48 | €32,814 | €39,813 | +€6,999 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,507 | €4,114 | +€607 | +17.3% |
| Other operating charges | 640/8 | €175 | - | -€175 | |
| Gross operating margin | 9900 | -€7,849 | -€26,261 | -€18,412 | -234.6% |
| Operating profit (loss) | 9901 | -€11,531 | -€30,375 | -€18,844 | -163.4% |
| Financial charges | 65/66B | €183 | €220 | +€36 | +19.7% |
| Recurring financial charges | 65 | €183 | €220 | +€36 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,714 | -€30,594 | -€18,880 | -161.2% |
| Profit (loss) for the period | 9904 | -€11,714 | -€30,594 | -€18,880 | -161.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,714 | -€30,594 | -€18,880 | -161.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.